TheDrop Market Analysis 8/27/24

Amid both anxiety and hope for Wednesday's Nvidia earnings report, the stock market fluctuated in various ways.

Due to constant changes in share price, all index funds ended off stagnant today. Staring with drops at the beginning of the day, these indexes recovered over time as more investors became enthused with Nvidia's earnings report and speculation that Nvidia will raise the next AI generation online.

Nvidia skyrockets from previous lows as investors look forward to tomorrow's earnings report. If the report exceeds expectations, expect Nvidia's share price to skyrocket even further on Thursday's market opening, along with many other AI and tech companies.

XPeng, since yesterday's news of its CEO increasing his stake in the company, continues to rise. Meanwhile, Bill.com continues its week-long streak of growth after its positive earnings report. Apple rises marginally following news of a change in CFO from Luca Maestri to Kevan Parekh. Netflix grows after its goal share price increases due to optimism.

Meanwhile, most other tech stocks are down today while Nvidia grows. Tesla stock in particular faces sharp decreases.